Thursday, December 09, 2004

DWP Cites Gas Price Volatility as Greatest Challenge

In Mayor Hahn's absence, Ron Deaton, head of the Los Angeles Department of Water and Power spoke before the Valley Industry and Commerce today. He told the regional business leaders that the number-one challenge to the agency was volatility in the price of natural gas. That falls in line with statements from the leading business group in Ventura County, VCEDA, which is encoraging the development of liquefied natural gas facilities in order to increase supplies of the commodity.